I would say those are two different things, but they are generally both bullshit. One is menial jobs with no future, essentially lost potential. The other is taking a position in something rather than do something, like middle managers. I know it isn't popular to talk about, but they are both a factor of inequality. You need to have economic equality to have distinction in merit. Otherwise merit for all intents an purposes comes second to economic success or failure. Of course that isn't absolute. But still a huge factor.

I just want to say you condensed much of my thoughts about capitalism in a very short couple sentences. I'm stealing that.